Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT RATES :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT Audit :: cpt :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India
 
 
« Direct Tax »
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically
 Delhi HC refuses to stay tax case against Young Indian
 CBDT issues draft ICDS on real estate
 CBDT chairman Sushil Chandra gets one-year extensiona
 Income-tax (9th Amendment) Rules, 2017? - Amendment of Income-tax Rules, 1962 - Prescribing form & manner of exercise of option by the domestic company for the purposes of section 115BA of the Income-tax Act, 1961-reg

Extend time for filing e-returns
October, 12th 2012

The commercial taxes bar association on Wednesday met the commissioner of commercial taxes (CCT) to urge for the extension of timeline for filing e-returns, in wake of the difficulties faced by large and mid sized companies.

A recent notification issued by the commercial tax

 
department, has curtailed the due date for filing quarterly tax returns, from 30 days to 20 days and has thrown the entire tax filing process by the companies, particularly large entities, into a tizzy.
Leading a delegation of the association, Anil Kumar Pandey, general secretary, while explaining the problem to CCT Sudhir Kumar, said that the compilation of data for big companies, which normally operated in large areas, involved more time in comparison to smaller companies.

Almost a fortnight is exhausted by big companies in receiving and compiling data from different geographical locations.

It is only after these 15 days and at the end of a quarter, that they are able to start the work for the actual preparation of returns, he added.

Maintaining, that the August 29 notification should be amended suitably in the interest of taxpayers and related parties, Pandey said, even if the last date of filing quarterly returns were restored or extended, even by a month, there would be no loss to the government exchequer.

He said, an immediate intervention in the matter was required as Durga Puja - a major festival - fell in October and many company officials and employees would also be on leave.

The timeline for filing the returns for the quarter ending September should be extended till November 15 for all types of dealers.

A minimum time of 30 days for big companies and 25 days for medium and small companies should be provided for the filing of quarterly returns.?h The CCT, he said, gave them a patient hearing.

He also assured that the demand would be considered sympathetically. ?gAs regards to the difficulties in uploading C forms and TIN based e-visibility of WCT after proper certification, the CCT agreed to organize demonstration of the uploading process for the benefit of dealers at different places, Pandey

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions